NATIONWIDE ECONOMIC DOWNTURN TAKES HEFTY TOLL ON PORT OF LOS ANGELES - FEBRUARY CONTAINER COUNT DOWN BY 32% FROM LAST YEAR
SAN PEDRO, Calif. — March 12, 2009 — The continued weakened world economy and Chinese New Year observance factory closures contributed to a 32.56 percent decline in container traffic, year over year, for February at the Port of Los Angeles. Container volumes are down a total of 20.94 percent for the calendar year and 8.91 percent for the fiscal year, which began July 1, 2008.
“February is typically our slowest month because of the factory closings for Chinese New Year,” said Port of Los Angeles executive director Geraldine Knatz, Ph.D. “Coupled with high unemployment rates, decreased consumer spending and fewer ship calls made February an unusually bad month for us.”
For more detailed information on the Port’s container statistics click here.
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